NZD/USD -
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Price rallied to the 50 of the downswing yesterday and
fell back. We look for resumption of this rally towards 7950/80.
FOR TODAY:
Today we will look for resumption of the rally to test 7950/80.We
will look to buy after a dip and a bullish cs formation.
Shorts are considered if we get failure after hitting the
786 higher up.
If we don’t get the setup we are looking for then we
don’t trade.
SHORT: Will be
going short only IF:
We need a bearish cs formation after hitting the 786
which will initiate a short trade setup. Place stops 13 pips above the cs formation,
max 1 % risk.
If we don’t get the setup we are looking for then we
don’t trade.
LONG: Will be
going long today only IF:
A dip followed by a bullish cs formation will initiate a
long trade setup. Limits here can be around 7970, Stops will be 10 pips below
the cs formation.
If we don’t get the setup we are looking for then we
don’t trade.
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